Groupon, which despite all odds, had a successful IPO, with its stock price reaching a high of $31, has dropped nearly 35% in the last two days. It is now trading at just $17, 15% below its offer price.

Speculation about Google’s own Groupon-like portal have been going around ever since Groupon rejected the $5.3 Billion offer made by Google. These rumors were later confirmed when some users spotted placeholder pages for the URL Google.com/offers.